Syracuse, NY -- A Liverpool man was arraigned today on charges he took advantage of a banking glitch to steal more than $75,000 from a local credit union where he had only $5 in an account.

Jason J. Monto, 31, of 3744 State Route 31, Apt. 708, was indicted last week on felony charges of second-degree grand larceny and first-degree falsifying business records. He is accused of stealing $75,539 from the New Process Gear Credit Union from March 2006 through July 2008.

Chief Assistant District Attorney Patrick Quinn and Assistant DA Beth Van Doren said Monto is accused of taking advantage of a glitch that enabled him to repeatedly withdraw money from local ATM machine. The prosecutors said Monto allegedly figured out when an ATM machine was not directly linked to the credit union's records during non-business hours so the ATM machine was giving him up to $300 a visit without any verification of whether he had those assets in his account.

Quinn said Monto reportedly had $5 in an old account and was able to withdraw the $75,539 before the credit union figured out what was happening and linked the missing money to his account number.

Monto was arraigned Friday before state Supreme Court Justice John Brunetti who allowed him to remain free on $15,000 bail pending a return to court June 26.